The age-old freight management industry seems to be undergoing a huge transformation due to the emerging freight tech-startups brining in substantial innovation into the entire process of freight management. According to a report, the global freight management system market size is expected to reach $20.4 billion by 2024, rising at a CAGR of 12.1 percent during the forecast period. For years, the need to reduce transit time, and transparency in supply chain were on shelf due to fewer innovations in the industry. But today, with freight tech startups taking the center stage and raising huge chunk of VC money, the industry is all geared up to transform like never before.

Using technology like automation, analytics and others, and advancements in freight security, safety & transport solutions, and rapid growth in communication technologies & IoT, the freight management companies are now able to offer higher customer satisfaction whilst offering low cost of logistics. But this requires major strategy redevelopment to meet global trade challenges. On the other hand, the need for a single window solution provider will be at peak as integrated platforms will reduce problems with visibility, and when paired with analytics, shippers can derive new insights and improve operations substantially. Also, the last mile delivery sector will see a huge Uberization of trucking where asset-less organizations will tie up with asset-heavy local transport firms to boost their offerings.

Looking at the changing industry paradigm, we at siliconindia understand that partnering a technically advanced freight management company is the need of the hour. Hence we bring to you ‘10 Most Promising Freight Management Service Providers – 2019’. The issue will help you find the perfect freight management partner that will resolve all your transportation woes through their cutting-edge, personalized freight management solutions. Read to know more about them.
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